IBANY held a Virtual Fireside Chat on Monday, December 13th, 2021. Announced live during the event was the IBANY 2021 Insurance Person of the Year Award to Michael Chang. The event was hosted by association president Renée McFadden and the featured speaker was Michael Price, CEO of AIG, North America General Insurance who shared insights into the insurance market. 

Meet the IBANY 2021 Insurance Person of the Year:

Michael Chang serves as Chief Executive Officer (CEO) of Sompo Global Risk Solutions (Sompo GRS), a strategic business unit of Sompo International, as well as Co-Leader of Sompo International Global Insurance. As CEO of Sompo GRS, Mr. Chang is responsible for running all facets of the business, as well as charting the strategic direction of this fast-growing and profitable $1.5B global operation that offers comprehensive multi-line capabilities to accounts in select industry verticals including real estate, hospitality, financial institutions, life sciences, technology and professional services. In addition, Mr. Chang oversees the Sompo Asian Risk Solutions business for Asian-interest clients with exposures in the U.S. and Mexico.

In his role as Co-Leader of Sompo International Global Insurance, Mr. Chang is directly involved in all strategic decisions for Sompo International’s Commercial P&C Insurance business.

Prior to his current role, Mr. Chang was with Chubb & Son, where he last served as President of the Real Estate & Hospitality division, a unit he built from the ground up into a market leading operation with premiums over $1B.

With more than 20 years of experience in the property and casualty industry, Mr. Chang has a track record of building and leading strong client focused and profitable operations. He also has deep knowledge and experience dealing with M&A activity, having worked on various senior level projects during the integration of Endurance and Sompo International, as well as during the acquisition of Chubb & Son.

A recognized leader in the field of diversity and a passionate supporter of diverse talent in the insurance industry, Mr. Chang has led a number of minority development programs and has spoken at various diversity events across the industry. This includes serving as the Executive Sponsor of Sompo International’s Inclusive Diversity Council and driving the company’s efforts to create an inclusive workplace that promotes, values and embed diversity in all aspects of the operation. Most importantly, Mr. Chang makes himself available to all that seek his input on how to succeed in the business world.

Mr. Chang is a graduate of the University of Pennsylvania, Wharton Undergraduate Division, with a Bachelor of Science degree in Economics. He is an active member of The Penn Club and an active volunteer for the Groove Leadership Academy.